Reliance Industries and Jio Infocomm have recently secured $5 billion in syndicated loans. The two businesses will each receive a $2 billion add-on loan, which is anticipated to be completed by the end of April.
The ED in a statement said that the financial probe agency has attached the properties under the Prevention of Money Laundering Act (PMLA).
The amalgamation of Syndicate Bank into Canara Bank would come into effect from Wednesday. The combined Bank will have 10,391 branches and 12,829 ATMs, a Canara Bank statement said here. It will have a combined strength of 91,685 employees.
Bank Strike: If you have any important work at bank branches than on Wednesday then you'll have to wait for Thursday as operations across bank branches including State Bank of India (SBI) and ATMs will be affected across the country due to Bharat Bandh.
Canara Bank Chairman T N Manoharan said his bank was having a business of Rs.10 lakh crore and the Syndicate Bank Rs.five lakh crore. Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters in Coimbatore.
A penalty of Rs 2 crore has also been imposed on UCO Bank and Rs 1 crore on Syndicate Bank for violation of norms.
The CBI has registered a case against two former additional general managers and two ex-chief managers of Syndicate bank and others for causing an alleged loss of Rs 209 crore to the bank.
New Delhi: There is trouble in store for some senior officials of the state-run Syndicate Bank with the Central Bureau of Investigation (CBI) booking them on charges of fraud and cheating as part of their investigations
New Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union
New Delhi: Syndicate Bank has reported 33 per cent decline in net profit to Rs 315.60 crore for the quarter ended September as the state-run lender made higher provisioning towards bad loans and the tax
New Delhi: Government today scrapped the selection of six PSU bank heads during UPA tenure following a high-level panel finding irregularities in the process followed.The probe into the selections to banks like Bank of Baroda
New Delhi: State-owned Syndicate Bank on Tuesday said that it has terminated its suspended chairman and managing director Sudhir Kumar Jain's term, with immediate effect."Syndicate Bank has informed the Exchange that the Central Government (vide
Bangalore/New Delhi: A Delhi court Sunday sent Syndicate Bank chairman and managing director Sudhir Kumar Jain, arrested by the CBI for taking bribes, to four days police custody for interrogation."The Patiala House court has granted
Kolkata: Syndicate Bank has sought the government's approval to raise Rs. 1,100 crore through qualified institutional placement (QIP) route. “We have written to the government seeking permission to raise Rs. 1,100 crore through the QIP route,”
Hyderabad: State-owned Syndicate Bank plans to raise USD 350 million through Medium Term Notes (MTNs) during the current quarter to meet lending requirements of its London branch, a top official said today. A medium-term note
New Delhi: Syndicate Bank on Wednesday said it plans to raise up to Rs 1,500 crore through share sale including rights issue or follow on public offer.The board has approved to raise equity capital of
Kochi, May 18: Syndicate Bank Staff Association today strongly opposed the move to close down RBI counters delivering coins and currency notes in metro centres and state capitals in a phased manner.This move is ‘disastrous
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